Uncategorized

Bloomberg Europe’s manufacturers headed into the new year on a downbeat note, with expectations for both export orders and employment weakening at the end of a rough 2019. The latest sentiment figures from the European Commission came just hours after Germany reported an unexpected drop in manufacturing orders. That’s a volatile figure, but it adds to signs that Europe’s largest ...

Bloomberg For Paul Boudre, US president Donald Trump’s push against Chinese telecommunications companies is less about espionage than the race for technological supremacy. Boudre, the chief executive officer of Soitec, a French maker of semiconductor materials that go into 5G equipment, automobiles, cloud computing and IT infrastructure, says Trump’s actions are aimed primarily at allowing American firms to catch up. ...

Bloomberg India’s transport and banking services were disrupted on Wednesday as millions of employees joined a strike called by the country’s major trade unions to protest against prime minister Narendra Modi’s economic policies. About 250 million people across at least 12 states including Kerala, West Bengal, Bihar, Odisha and Assam participated in the nationwide strike, said Tapan Sen, general secretary ...

Bloomberg Citic Securities Co is tightening control over its CLSA Ltd unit, following an exodus of staff and top executives from the Hong Kong brokerage last year amid a clash over corporate culture and bonus levels. China’s biggest broker is creating a “coordination committee” at CLSA, which will include its president Yang Minghui and Chairman Zhang Youjun, according to people ...

Bloomberg Samsung Electronics Co’s quarterly earnings beat estimates after memory chip prices began to climb out of a persistent downturn. The world’s largest memory chip maker reported a 34% fall in operating income to 7.1 trillion won ($6.1 billion) in the three months ending December, according to preliminary results released on Wednesday by the Suwon, South Korea-based company. That compares ...

Bloomberg Iran fired more than a dozen missiles at US-Iraqi airbases in retaliation for an American airstrike that killed a top Iranian general, yet the potential for a dramatic escalation was mitigated by the fact that there were no US casualties. A US official said guided missiles were used in the attacks, and Iran appeared to be shooting to miss. ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) signed on Tuesday, an agreement with Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) to improve the pension offering of ADNOC’s UAE national employees, the majority of which are based at onshore and offshore operational sites. The signing of the agreement was witnessed by HH Sheikh Khalid bin Mohamed ...

FUJAIRAH / WAM His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has continued his inspection tour in a number of areas in the Emirate of Fujairah, to inspect the living conditions of the citizens. His Highness Sheikh Hamad stressed the country’s keenness to continuously communicate with its citizens, inspect their conditions, and monitor ...

Abu Dhabi / WAM Abu Dhabi Sustainability Week 2020 will begin a new decade of ambitious global work to achieve the United Nation’s Sustainable Development Goals (SDGs), for 2030. With the start of a new decade, Abu Dhabi Sustainability Week is a key event in the world of sustainability, as it gathers specialists and experts from around 175 countries and ...

ABU DHABI / WAM Denmark has selected the United Arab Emirates as its only partner in the Middle East for its Carbon Diplomacy, a top Danish diplomat told the Emirates News Agency, WAM. “A significant aspect in bilateral relations is the importance Denmark attaches to the UAE with regard to cooperation in energy, environment and climate change,” Franz-Michael Skjold Mellbin, ...